Common use of Destruction of the Building Clause in Contracts

Destruction of the Building. If the Building should be substantially destroyed (which, as used herein, means destruction or damage to at least 50% of the Building) by fire or other casualty, either party hereto may, at its option, terminate this Lease by giving written notice thereof to the other party within thirty (30) days of such casualty. In such event, the Rent shall be apportioned to and shall cease as of the date of such casualty. If neither party exercises this option, then the Premises shall be reconstructed and restored, at Landlord's expense, to substantially the same condition as they were prior to the casualty.

Destruction of the Building. If the Building should be substantially destroyed (which, as used herein, means destruction or damage to at least 50% of the Building) by fire or other casualty, either party hereto may, at its option, terminate this Lease by giving written notice thereof to the other party within thirty (30) days of such casualty. In such event, the Rent shall be apportioned to and shall cease as of the date of such casualty. If In the event neither party exercises this option, then the Premises Building shall be reconstructed and restored, at Landlord's expense, to substantially the same condition as they were prior to the casualty. In such event, Rent shall be abated from the date of the casualty until substantial completion of the reconstruction and repairs.

Destruction of the Building. If the Building should be substantially destroyed (which, as used herein, means destruction or damage to at least 5025% of the Building) by fire or other casualty, either party hereto may, at its option, terminate this Lease by giving written notice thereof to the other party within thirty (30) days of such casualty. In such event, the Rent shall be apportioned to and shall cease as of the date of such casualty. If neither party exercises this option, then the Premises shell and core (as hereinafter defined) of the Building (including any elements thereof within the Premises) shall be reconstructed and restored, at Landlord's expense, to substantially the same condition as they were prior to the casualty.

Destruction of the Building. If the Building should be substantially destroyed (which, as used herein, means destruction or damage to at least 5075% of the Building) by fire or other casualty, either party hereto may, at its option, terminate this Lease by giving written notice thereof to the other party within thirty (30) days of after such casualty. In such event, the Rent shall be apportioned to and shall cease as of the date of such casualty. If In the event neither party exercises this option, then the Premises shall be reconstructed and restored, at Landlord's expense, to substantially the same condition as they were prior to the casualty.